Carmax Announces a Proposed NAME Change

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142 – 1146 Pacific Blvd.,

Vancouver, British Columbia V6Z 2X7 Canada

Telephone: (604) 620-7737

www.carmaxmining.com

NEWS RELEASE

TSX-V: CUX June 1, 2018

CARMAX ANNOUNCES A PROPOSED NAME CHANGE

Vancouver, B.C. – June 1, 2018 – Carmax Mining Corp. (“Carmax” or the “Company”) (TSX -

Venture: CUX) is pleased to announce that at the adjourned annual meeting of the Company

held May 31, 2018, shareholders of Carmax approved a special resolution authorizing the

Company to change its name to “District Copper Corp.” subject to Exchange approval.

The effective date of the name change remains to be established after the consent of the TSX

Venture Exchange is received.

About Carmax

Carmax is a Canadian company engaged in exploration for porphyry copper-gold-molybdenum

deposits in northwestern British Columbia.

For further information, please visit the website at www.carmaxmining.com to view the

Company’s profile or contact Jevin Werbes at 604-620-7737.

“Jevin Werbes”

Jevin Werbes, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities

described herein in the United States. The securities described in this news release have not been and will

not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or

any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless

registered under the U.S. Securitie s Act and applicable state securities laws or an exemption from such

registration is available. This news release is not for distribution in the United States or over United States

newswires.

Cautionary Statement on Forward Looking Statement

Certain information contained in this news release, including information as to our strategy, projects, plans or future

financial or operating performance and other statements that express management’s expectations or estimates of

future performance, constitute “forwar d looking statements”. Actual results may differ materially from those indicated

by such statements. All statements, other than historical fact, included herein, including, without limitations

statements regarding future production, are forward -looking statements that involve various risks and uncertainties.

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There can be no assurance that such statements will prove to be accurate and actual results and future events could

differ materially from those anticipated in such statements. Fo rward-looking information in this news release includes,

but is not limited to, statements about the exploration program at the Eaglehead project; the resource estimate at the

Eaglehead project; and statements about Carmax’s strategy, future operations and prospects.

A more complete discussion of the risks and uncertainties facing Carmax is disclosed in Carmax's continuous

disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward -looking information

herein is qualified in its entirety by this cautionary statement, and Carmax disclaims any obligation to revise or update

any such forward-looking information or to publicly announce the result of any revisions to any of the forward -looking

information contained herein to reflect future results, events or developments, except as required by law.